. >> president obama has established the financial fraud enforcement task force to investigate and to prosecute fraud and financial crime. >> this is the value of oversight hearings. a week before our hearing, they announce the fraud task force. >> and we will not hesitate to bring charges where appropriate for criminal misconduct. >> somebody had to come to that hearing and talk about what they were doing. and so that was the impetus, i am convinced till the day i die, that the only reason that fraud task force was announced at that point was because somebody had to go to the hearing. >> mr. breuer, last month we saw a jury acquit the two bear stearns hedge fund managers. are there lessons we can learn from that or was that just a one-off? >> i'm a big believer in the jury system and juries are going to do what juries feel are right. these are tough cases, but we are going to continue to bring them. it's not a deterrence at all. we're marching forward. >> one of the things that oversight hearings do is it holds folks' feet to the fire. we wanted to get them to say what they could in